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and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention.
and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to...
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they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not saying and you can't play hard and if you just walk with races. when you look at that, what do you think? >> probably. he usually does. but i haven't seen anything real to tell me that we're not going over the fiscal cliff and if we're doing that, according to all of the polling, it's going to be harder on republicans in terms of the public opinion than it is on democrats. you would think that that would give him another reason to get serious about this. i just think if the argument boils down to protecting that top 2% from having any kind of, you know, souped up responsibility on the tax side and on
they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not...
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white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay. does it for "the cycle" today.
white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay....
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i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>> straight ahead, for all the talk on china, policy expert said their gain could be ours, too. the guest spot is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> the chinese dragon is
i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>>...
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do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are jerks. dysfunctional. you can't move. you are insent. silly. stupid. but you love money because you owe $16 trillion of it. you borrow, overborrow what comes in and goes out. we want more money for our money. the gu screwed is the -- the guy screwed is the little guy. who is kidding who? >> i don't think a lot of people are dancing if that happens. but we enjoyed you, watching you. >> i didn't enjoy it. but it was fun. it hurt my knee. >> bret: senator simpson, thank you for coming in today. >> thank you, bret. >> so will simpson's appeal d
do avoid the self-imposed fiscal cliff? >> you used one word in your remark. self. civillish will become the essence. the horrible part, they will think it's an advantage to them. president will think it's advantage to him and it will be chaos. $7.2 million floating around. between now and december 31. go too far. throw it in recession. do too little, throw it in recession. at some point, a group of people you and i have never heard of called the markets will step in and say you guys are...
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in today's meetings, is it a sign we're close to a fiscal cliff deal. i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and that is whether the kind of agreement they can reach now will lead to a grand bargain, or whether it's going to amount to a mouse instead of an elephant. we will have to see what they can craft this week and see if they can get passed the fiscal cliff. the bargain is really important, too. in some ways, don, what is at stake is whether they can craft a deal is that win/win. each side can walk away with something in the short term saying this is encouraging. this is a moment, don, when a lot of things are hanging in the balance. having them sit down today is encouraging because it means they don't want to take us all the way to the 11th hour and 59th minute. they wa
in today's meetings, is it a sign we're close to a fiscal cliff deal. i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and that is whether the kind of agreement they can reach now will lead to a grand bargain, or whether...
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cliff deal? i asked cnn senior political analyst david gergen. >> they recognize the deadlines are coming at them fast and this week is a crucial week to see if they can get a breakthrough. they did it in private instead of the political theater we've been seeing is over the last couple weeks. i think that's encouraging. don, we should be patient here. there's even a bigger long-term issue and that is whether the kind of agreement they could reach now will lead to a grand bargain or whether it will lead to a mouse instead of an elephant. we don't know that yet. we'll have to wait and see how what they can craft this week and see indeed if they can get past the fiscal cliff. that's point one. in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying we're encouraged, this gives us greater reason to go on and engage in the grand bargain next year. this is a moment, don, when a lot of things are hangi
cliff deal? i asked cnn senior political analyst david gergen. >> they recognize the deadlines are coming at them fast and this week is a crucial week to see if they can get a breakthrough. they did it in private instead of the political theater we've been seeing is over the last couple weeks. i think that's encouraging. don, we should be patient here. there's even a bigger long-term issue and that is whether the kind of agreement they could reach now will lead to a grand bargain or...
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million going after republicans who they thought weren't conservative enough in the last election. listen to what they have to say about john boehner now. >> when he couples this conservative purging with a negotiated tax increase of $800 billion we are starting to see more and more signs that he's not dedicated to fiscally conservative beliefs. >> reporter: mr. roth said if he doesn't watch it he can lose his speakership and there are others in the city talking about what they can do to reign in the g.o.p. leadership as a group from raising taxes after republicans spent the last year on t
how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million...
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cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids
cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know,...
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the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm joined tonight by democratic strategist donna gentile-o'donnell and msnbc political analyst and georgetown university professor, michael eric dyson. great to have you with us tonight. >> thank you. >> i just want to go right to this poll. this quinnipiac poll was released today, and it shows the majority of the american people want tax rates to go up for
the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the...
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cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of self-determination. we shouldn't get seniority decide, this person should be the next person -- >> look. he is running the house. he's the speaker of the house. you confuse that with running the conservative movement. >> well, then why don't you come out and say, we shouldn't raise taxes. boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i
cliff and to make a deal without giving up growth principles. but when you say conservatives don't support boehner, what is eric cantor, what is paul ryan? what is jeb henesling if he's not a conservative? what is tom price if he's not a conservative? what exactly are you smoking? the top conservatives in the house support boehner. >> well, i actually don't think that somebody like tom price would if he has his choice of who he could pick out of everyone. we should have the power of...
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we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and medium sized businesses up and down the chain are doing well. if companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to compete around the world. >> and then larry, later in the afternoon, our steve leishman sat down with treasury secretary tim geithner. geithner in that interview late in the afternoon made it clear that this is brinksmanship of the highest order. >> i want to understand the administration's position when it comes to raising taxes on the wealthy. those making more than $250,000. if republicans do not agree to that, is the a
we still have no fiscal cliff deal, but there's talk between president obama and tim geithner. congress has adjourned for a long weekend. that's kind of insane. eamon javers joins us. >> reporter: the president began his day this morning before an audience of business leaders and he continued his campaign of persuasion amongst some of the nation's top ceos. >> i am passionately rooting for your success. because if the companies in this room are doing well, then small businesses and...
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the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >> and it appears house republicans are also ready, at least some of them, to give he house speaker boehner more flexibility. "the washington post" reports, quote, many gop centrists and some conservatives call on the house speaker to concede on rates now while he still has some leverage
the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's...
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on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're going to do that now. let's listen to house speaker john boehner, he had this to say. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans ar
on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're...
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what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good id
what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these...
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. >>> speaking of the fiscal cliff, we know what the parameters of a deal in congress will look like, right? on taxes, republicans give in to raise taxes on the wealthiest 2% and democrats will agree to rein in tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new jersey, pennsylvania, all blue with the highest state local -- state and local taxes taken out there and property taxes. the tax deductions on them benefit higher income taxpayers in states that consistently deliver for the democrats. i get the politics of this but democrats need to own up. they can't have their cake and eat it, too. in the end, we are all going to pay more or we are going to get less. if we're serious about the fiscal house in order. if demonstrates are serious about republicans to break with ideology and their party base, to vote for higher tax rates, democrats have to be willing to do the
. >>> speaking of the fiscal cliff, we know what the parameters of a deal in congress will look like, right? on taxes, republicans give in to raise taxes on the wealthiest 2% and democrats will agree to rein in tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new...
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cliff deal. take a listen. >> until we hear something from the republicans there's nothing to drafrt, so we can get things done quickly. i think it's going to be extremely difficult to get it before christmas but it done. be >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. >> and then there was this moment here at the white house at the press briefing where press secretary jay carney was pressed by reporters to say what it was that speaker boehner and the president were talking about during their meeting here at the white house on sunday. the reporters wanted to know if the specifics being discussion skused in that conversation are separate from the specifics being offered in the public dialogue. take a listen to what jay carney said. >> i'm trying to be incredibly opaque about the distinction. look. >> it's working. >> it's working. >> so at least he's man enough to ad
cliff deal. take a listen. >> until we hear something from the republicans there's nothing to drafrt, so we can get things done quickly. i think it's going to be extremely difficult to get it before christmas but it done. be >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. >> and then there was this moment here at the white house at the press...
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cliff deal because it's unlikely that house republicans would allow these to appear freestanding. using these as leverage in terms of negotiation. house republicans could sleep fine knowing the payroll tax cut is not extended and the ui is not extended. they think that's too much spending. >> which is crazy because they're arguing for the top earners really putting their stake in the ground on top earners and when it comes to working class and poor tax cuts are a bad thing. >> the payroll tax cut there's a division between democrats about how much you want to raid the social security trust fund. but unemployment insurance, i think absolutely has to be part of the deal from the white house perspective aside from it fitting the democrat ex-ideology, it's also what president obama believes is a stimulus to the economy. >> yeah. >> that helps people have disposable income to go to restaurants, buy gas, buy food, to pay things for their children. and i would be very surprised if it ended up as part of the larger deal because it's not going to come in early spring. >> one of the things
cliff deal because it's unlikely that house republicans would allow these to appear freestanding. using these as leverage in terms of negotiation. house republicans could sleep fine knowing the payroll tax cut is not extended and the ui is not extended. they think that's too much spending. >> which is crazy because they're arguing for the top earners really putting their stake in the ground on top earners and when it comes to working class and poor tax cuts are a bad thing. >> the...
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fiscal cliff. many americans have already paid the ultmalmat sacrifice with the loss of their jobs and the loss of their homes. that's why there's so much of a focus i think on looking at those americans who have done the best in the recovery and asking them to do a little more. >> austerity, is the fiscal cliff sort of like austerity? >> absolutely. >> and europe haven't done so severely. >> that's the point. maybe we can put this off, but you can't put off reality. you're going to pay the piper. the question is the creation of washington of the fiscal cliff or a creation of your investors and bondholders across the world that look at you in the same light as europe some day. we all know that day isn't here. this is a lesson for the republican party, and i think it's a lesson we should all take. instead of when we look at all these programs, mark, where are we going to make cuts and how terrible is this going to be, we need to judge our concern and empat empathy, not by the money, something marco
fiscal cliff. many americans have already paid the ultmalmat sacrifice with the loss of their jobs and the loss of their homes. that's why there's so much of a focus i think on looking at those americans who have done the best in the recovery and asking them to do a little more. >> austerity, is the fiscal cliff sort of like austerity? >> absolutely. >> and europe haven't done so severely. >> that's the point. maybe we can put this off, but you can't put off reality....
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. >>> to recap the past week of activity atop the fiscal cliff, nothing happened. today the search for a sweet spot between the deal the speaker can get from the president and the one he can sell to his bruised party. >> they have put forward an unbalanced plan that actually lowers rates for the wealthiest americans. >> when is he going to take a step towards us? >> republican house speakers tom cole and marsha blackburn. >>> then falling off the fiscal cliff, a tumble that would shake the world with international monetary fund christine lagarde. >>> plus what happens if nothing happens with moody's chief economist mark zandy, jackie comes of the "new york times" and cnn's dana bash. i'm candy crowley and this is "state of the union." >>> politically the speaker is playing with a weaker hand that the president, the pressure is higher on him and his critics are harder too. >> the republican party's finished. >> he is selling out our children right now with these massive tax increases and that's a starting bid. he's saying here $800 billion now will you sit down with
. >>> to recap the past week of activity atop the fiscal cliff, nothing happened. today the search for a sweet spot between the deal the speaker can get from the president and the one he can sell to his bruised party. >> they have put forward an unbalanced plan that actually lowers rates for the wealthiest americans. >> when is he going to take a step towards us? >> republican house speakers tom cole and marsha blackburn. >>> then falling off the fiscal...
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they're trying to work out a deal on the fiscal cliff. does this mean they're going to be on the way? we'll talk to congress members connie and mary mack. they'll weigh in. >>> and nasa finally explaining what those lights over texas were. is it worthy of the "x-files"? >> i love that reference. wind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dolla
they're trying to work out a deal on the fiscal cliff. does this mean they're going to be on the way? we'll talk to congress members connie and mary mack. they'll weigh in. >>> and nasa finally explaining what those lights over texas were. is it worthy of the "x-files"? >> i love that reference. wind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the...
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cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on
cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going...
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despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain you gave the the president and your caucus did cus d room to go in there and negotiate. he has that i assume, again, sosume he can put spending cuts and cuts and entitlement cuts on the table.he presi >> the president knows our views, sha views, shares our values. we respect his leadership and there's a recognition that he he may need our votes.e's n >> but there's no red line for you and the democrats in the use. house. you want the president to make a deal and deal and lay out what he can do.do. >> that is true. t however, we want what happens toe of the be fair and to work.e and one of the things we object to is raising the medicare age. red >> it's not a red line for you?g that >> it's something that says don'
despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain you gave the the president and your caucus did cus d room to go in there and negotiate. he has that i...
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. >> most of us know by now the fiscal cliff is looming. if lawmakers don't come up with a deal, our taxes will go up and dramatic spending cuts will affect agencies across the board, and that includes the food and drug administration. emily schmidt explains what it could all mean for your food. >> susan, the federal government says americans spend about a trillion dollars a year on food. there are two agencies responsible for food saety. the job is the same with less funding to make it happen. >> preparing for the holidays in the bennett's house, is a reminder of something else, a fiscal cliff deadline that's personal here. >> i can't imagine funding being cut at this point, it will be tragic. >> chloe was in the hospital from two weeks, luke for three. >> contaminated food sickens about 48 million people a year. so the fda foot safety and administration service -- the budget cut translates to a combined $157 million. there's no word exactly what cuts would mean to expecter staffing. >> they're already stretched then when it comes to the i
. >> most of us know by now the fiscal cliff is looming. if lawmakers don't come up with a deal, our taxes will go up and dramatic spending cuts will affect agencies across the board, and that includes the food and drug administration. emily schmidt explains what it could all mean for your food. >> susan, the federal government says americans spend about a trillion dollars a year on food. there are two agencies responsible for food saety. the job is the same with less funding to...
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but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearly gotten its message out. i think now there has to be a next step. you know, timing is everything in politics. and this is absolutely no different. what i'm getting from talking to some democrats on the hill is i think there's actually a lot of pen
but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of...
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in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen to the mortgage interest deduction in their state if we do good over the cliff? our real estate correspondent, diana, here with exclusive data. diane? >> that right, tyler. talk to anyone in the real estate business and they say getting rid of or shrinking the mortgage rate reduction, specifically by raising home prizes, we wanted to look at who get the most and where. we are doing that with an exclusive calculation run by cnbc by lending tree. who gets the most category? taking into account mortgage size and income. borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. californ
in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen...
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now congress will come back to work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois republican had a stroke last year. >> tonight the entire obama family will gather around the christmas tree. it just happens to be the national christmas tree. it will take place at 5:00 eastern time. >> if you read only one thing this morning, maybe you're already thinking about your new year's resolution to get in better shape. how could you resist this headline? my must read is courtesy of prevention magazine. it's on facebook/jansingco. yep, they're real. we've got more rollbacks on toys all december. wait, was that real? [ male announcer ] this christmas, get the hottest brands and rollbacks on the season's hottest toy
now congress will come back to work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois...
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and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're paying now but less than 39.6.% is that possibly what both sides are angling to? >> you use the word vile and i'll echo that word. i think going over the cliff is a disaster. i think social leaders negotiate the best deal they possibly can, and let's try and get this done. i would not be for playing a game of chicken, if you will, or trying to fool the american people who are pretty dadgum smart when it comes to these sorts of things. >> do you fear the right wing of your own party, a wing that says any revenue, as you heard jim demint say, no revenue, not part of the deal. do you think that's going
and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're...
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it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laur
it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited...
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. >>> "out front" next, 27 days away from the fiscal cliff. octagenarians doing gangnam style, no deal, and what syria is planning to do if bashar al assad will do if he uses chemical weapons against his own people? a woman with a 1% survival after contracting a flesh-eating bacteria. she made it. tonight let's go "out front." >>> good evening. i'm erin burnett. out front, gangnam style. this is how one man sees the fiscal cliff. this is allen simpson, as in the simpson in simpson/bowles. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but, of course, it takes two to tango. where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >>
. >>> "out front" next, 27 days away from the fiscal cliff. octagenarians doing gangnam style, no deal, and what syria is planning to do if bashar al assad will do if he uses chemical weapons against his own people? a woman with a 1% survival after contracting a flesh-eating bacteria. she made it. tonight let's go "out front." >>> good evening. i'm erin burnett. out front, gangnam style. this is how one man sees the fiscal cliff. this is allen simpson, as...
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john boehner said a fiscal cliff deal is no closer now than it was a week ago. nancy pelosi called for more urgency. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat, but in many homes across america it's a very, very lean time. >> the goose is getting fat. this was the latest salvo in a week of ups and downs in negotiations as both sides engaged in a tug-of-war over tax rates and spending cuts. >> i was just flabbergasted and said you can't be serious? right now i would say we're nowhere. >> there shouldn't be anything offered in public. the president, speaker boehner in a room and nobody come out until it's solved. >> we have to see the rates on the top 2% go up, and we're not going to get a deal with it. >> the problem with the republican proposal is it does raise taxes. >> if they do not make this deal on tax rates for the top 2%, they're
john boehner said a fiscal cliff deal is no closer now than it was a week ago. nancy pelosi called for more urgency. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat, but in many homes across america it's a very, very lean time. >> the goose is getting fat....
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, and what you think, does congress need counselling to reach a fiscal cliff deal? log to and vote. we'll share the results with you at the end of the show. >> federal reserve finishing up its last meeting of the year today, saying they will extend an expiring treasury buying program, keeping the rates at a history low level. here with details, fox business' peter barnes, you were in that meeting with chairman ben bernanke, did you not want to scream? >> i am a fed head from way back, this was really the most remarkable thing, i have ever covered. we were expecting the fed to do this latest round of quantitative easing, and more bond buying, you know qe4 -- ever is the big choke in town. but a new change, a new roll see, that is the economy does x the fed will do y, in this case the fed said it will keep interest rates low for car loans, and mortgages and business loans until, at least until unemployment hits 6.5%, that is the first time that we've seen the fed do this kind of thing in its hundred year history. >> he did couch it a little, my decision was. well what
, and what you think, does congress need counselling to reach a fiscal cliff deal? log to and vote. we'll share the results with you at the end of the show. >> federal reserve finishing up its last meeting of the year today, saying they will extend an expiring treasury buying program, keeping the rates at a history low level. here with details, fox business' peter barnes, you were in that meeting with chairman ben bernanke, did you not want to scream? >> i am a fed head from way...
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we do think there will be a fiscal cliff deal before year end. i think that could take the s&p to 1500 by year end or early january. but for what the market does from 1500 over the course of next year, i think really depends on the details of the fiscal cliff deal. we're looking to see just how much fiscal drag there will be in 2013 overall from both spending cuts and tax hikes. and also we want to see just the amount of tax hikes. i hope that those tax hikes are not greater than 1% of gdp. >> how much fed stimulus does the market need to hit some of the targets that you're thinking about it might be able to do? >> the 1500 that is our 12-month target would take the fiscal stimulus, take the monetary stimulus that basically folks are talking about, just a fed balance sheet getting above $3 trillion. i don't think necessarily 4 trillion. i think the key to get the s&p well above 1500 is looking at the fiscal policy, the tax hikes in particular, and probably the best litmus test is the dividend tax rate. expectations for the dividend tax rate, a lo
we do think there will be a fiscal cliff deal before year end. i think that could take the s&p to 1500 by year end or early january. but for what the market does from 1500 over the course of next year, i think really depends on the details of the fiscal cliff deal. we're looking to see just how much fiscal drag there will be in 2013 overall from both spending cuts and tax hikes. and also we want to see just the amount of tax hikes. i hope that those tax hikes are not greater than 1% of gdp....
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but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i think that's helpful. >> the president has the upper hand on the politics right now. i mean, there are more people who make less than there are in the top 1%, top 5% or whatever. but will it create jobs? and while the president has spent most of this negotiation process talking about taxes, he hasn't talked about cuts as much as we want to see. >> joining me now, congressional reporter for roll call meredith shiner and washington bureau chief for "usa today" susan page. susan, you heard congressman cummings there say he now gives the deal a 70% chance of happening as opposed to a few days ago when it
but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i...
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cliff deal. look at the numbers from the "new york times" to see why. there are 234 house republican there's this 113th congress. 85% of them won re-election easily with at least 55% of the vote. and almost all were re-elect we'd the promise not to raise taxes. so what is their obligation to their voters and can john boehner make a switch palatable? i'm joined now by former ohio governor ted strickland and former campaign manager for mike huckabee chip satsman. good morning. >> good morning. >> what do the lawmakers owe their constituents on the promise not to raise tax she's. >> i think they owe the country. good governance. and obviously every member of congress has an obligation to their particular district and their particular constituents, but they also have a larger obligation, i believe, to the well-being of the country as a total. and so we are in a situation where some difficult decisions have to be made, but i believe the well being of the country must take precedent over every other co
cliff deal. look at the numbers from the "new york times" to see why. there are 234 house republican there's this 113th congress. 85% of them won re-election easily with at least 55% of the vote. and almost all were re-elect we'd the promise not to raise taxes. so what is their obligation to their voters and can john boehner make a switch palatable? i'm joined now by former ohio governor ted strickland and former campaign manager for mike huckabee chip satsman. good morning. >>...
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. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress
. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us...
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cliff deal. now he's doing it "gangnam style." watch this. ♪ some people have gone off the cliff on this. we've officially jumped the shark in an attempt to not go over the fiscal cliff. much more of this incredible video coming up. >>> and then even if you don't like facebook as a stock, you may soon own it in your portfolio. we'll tell you why, and whether that's a good thing or not. back in a moment on "the closing bell." we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> you see the dow and s&p higher but nasdaq lower. apple almost single handedly keeping the composite in the red toda
cliff deal. now he's doing it "gangnam style." watch this. ♪ some people have gone off the cliff on this. we've officially jumped the shark in an attempt to not go over the fiscal cliff. much more of this incredible video coming up. >>> and then even if you don't like facebook as a stock, you may soon own it in your portfolio. we'll tell you why, and whether that's a good thing or not. back in a moment on "the closing bell." we are gathered here today to celebrate...
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>> the two leaders discussing the fiscal cliff by telephone yesterday. no word of significant progress with just 26 days remaining to get a deal done. but there are signs of compromise. oak e oklahoma's republican senator breaking ranks, saying he's okay with raising taxes on the rich. >>> two seizures off the coast of the dominican republic last month, authorities recovering more than 50 bails of coke. it is weighing close to two tons. the drugs had a street value of $45 million. it will now be destroyed. >> are you losing your keys or misplacing your wallet. >> yes. >> there may be a quarter-sized blue tooth enabled button to communicate with a smart phone. >> sneakers, that's hysterical. >> the app will have a radar feature if they're getting warmer or colder. >> my blackberry charger. that's what i need it for. >> it just has to tell you where it is. >>> a sticky situation on a highway. in new hampshire, a tractor-trailer loaded with a cargo of maple syrup overturned on the interstate near mansfield, new hampshire. diesel fuel also spilled on to the
>> the two leaders discussing the fiscal cliff by telephone yesterday. no word of significant progress with just 26 days remaining to get a deal done. but there are signs of compromise. oak e oklahoma's republican senator breaking ranks, saying he's okay with raising taxes on the rich. >>> two seizures off the coast of the dominican republic last month, authorities recovering more than 50 bails of coke. it is weighing close to two tons. the drugs had a street value of $45...